Tel Aviv Stock Exchange Rebalances Major Indices, Expects High Trading Volume
Translated & summarized from TheMarker by baba
The Tel Aviv Stock Exchange announced its semi-annual index rebalancing, effective November 5, which will lead to significant changes in major indices and large ETF adjustments. El Al and Doral will join the TA-35 index, while Damri, Shufersal, and Canon will be removed. The exchange anticipates a trading volume of around 18 billion shekels on the update day, four times the daily average.
The story in 5 lines · by baba
- TASE index rebalancing effective November 5 will cause significant turnover.
- El Al and Doral will join the TA-35 index; Damri, Shufersal, Canon will exit.
- Entry threshold for TA-35 index increased to 14.3 billion shekels.
- Afcon Holdings, Alpha Tau, Tidhar Group, Bagira, Avisror to enter TA-90 and TA-125.
- Trading volume on update day estimated at 18 billion shekels, four times the average.
The Tel Aviv Stock Exchange (TASE) announced its semi-annual index rebalancing on Thursday, which will take effect at the close of trading on November 5. The changes are expected to cause significant turnover in the main indices, prompting large adjustments by exchange-traded funds (ETFs).
The entry threshold for the TA-35 index has risen to 14.3 billion shekels. El Al and Doral are set to enter the TA-35, while Damri, Shufersal, and Canon will be removed. The TA-90 index, which also affects the TA-125, will see the addition of Afcon Holdings, Alpha Tau, Tidhar Group, Bagira, and Avisror.
Trading volume on the day of the update is projected to reach approximately 18 billion shekels, nearly four times the average daily volume since the start of the year, indicating anticipation of a volatile trading session.
Mentioned
